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Byron Wien of Blackstone sees these 10 surprises as probable in 2020 - Business Insider

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Economic disappointment, no phase 2 deal, and the Boeing 737 Max's return to service — Here are Byron Wien's 10 surprises for 2020

. Joe Zidle, chief investment strategist in the Private Wealth Solutions group at Blackstone, assisted in creating the list.

A surprise is "an event that the average investor would only assign a one out of three chance of taking place but which Byron believes is 'probable,'" according to the Monday report. That means that Wien thinks the chance of the event happening is 50%. He continued:"Without a comprehensive trade deal in hand, President Trump exercises every executive authority he has to stimulate growth and ward off recession. He cuts payroll taxes to put more money in the hands of consumers."Getty

In this Friday, April 7, 2017, file photo, U.S. President Donald Trump, left, gestures as he and Chinese President Xi Jinping walk together at Mar-a-Lago in Palm Beach, Fla."National interests result in the Balkanization of technology.T he development of separate standards for 5G and other tech hardware proves to be bad news for the future of world economies," Wien wrote.

He continued:"Volatility increases and there are several market corrections greater than 5% throughout the year." Facebook CEO Mark Zuckerberg arrives for a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Oct. 23, 2019."Once the market leaders, certain FAANG stocks underperform and the equal-weighted S&P 500 outperforms.

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